CEMEX S.A. downgraded by Morgan Stanley

Jaime Muguiro began his career at Cemex in 1996 and has held senior leadership positions at the company in several regions, most recently in the United States. Cemex's growth strategy continues to be focused on growth in the United States through small to medium size bolt-on acquisitions. Cemex is committed to maximizing shareholder return and providing value-added solutions for its customer's building needs. Today, Jaime Muguiro begins his tenure as CEO of Cemex after being appointed to the position by the company's Board of Directors on February 10. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez's decision to retire after a suc

Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex's investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex's 2030 targets. In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action program, continuing to lead the industry in profitable dec

Cemex received today the 2025 World's Most Ethical Companies® recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. As one of the World's Most Ethical Companies honorees, Cemex has been distinguished for exemplary business integrity, ethics, compliance, and governance standards. Cemex activities are guided by the principles embodied in its ‘Code of Ethics and Business Conduct' which serves as a guideline for establishing the highest standards of behavior within and outside the organization, as well as in interactions with its stakeholders. The list recognizes 136 companies across 19 countries and 44 industries this year. "We ar

Morgan Stanley downgraded CEMEX S.A. from Overweight to Equal-Weight

RBC Capital Mkts downgraded CEMEX S.A. from Sector Perform to Underperform and set a new price target of $5.00 from $6.00 previously

JP Morgan downgraded CEMEX S.A. from Overweight to Neutral and set a new price target of $6.00 from $7.00 previously

6-K - CEMEX SAB DE CV (0001076378) (Filer)

6-K - CEMEX SAB DE CV (0001076378) (Filer)

6-K - CEMEX SAB DE CV (0001076378) (Filer)

Jaime Muguiro began his career at Cemex in 1996 and has held senior leadership positions at the company in several regions, most recently in the United States. Cemex's growth strategy continues to be focused on growth in the United States through small to medium size bolt-on acquisitions. Cemex is committed to maximizing shareholder return and providing value-added solutions for its customer's building needs. Today, Jaime Muguiro begins his tenure as CEO of Cemex after being appointed to the position by the company's Board of Directors on February 10. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez's decision to retire after a suc

Following today's announcement of the retirement of Fernando Gonzalez as CEO of Cemex, and the appointment of Jaime Muguiro as new CEO effective April 1st 2025, Cemex announces the following changes to its senior-level organization. Jesus Gonzalez, current President of Cemex South, Central America, and the Caribbean, has been appointed President of Cemex USA. Sergio Menendez, current President of Cemex Europe, Middle East, and Africa, has been appointed President of Cemex Mexico. Jose Antonio Cabrera, former President of Cemex Dominican Republic and Puerto Rico, has been appointed President of Cemex Europe, Middle East, and Africa. Alejandro Ramirez, current President of Cemex C

CEO Fernando A. González has decided to retire after a successful career of over 35 years at Cemex Jaime Muguiro, current President of Cemex USA, has been appointed as new CEO Changes to become effective April 1, 2025 Cemex announced today that its CEO, Fernando A. González, has decided to retire after a successful career of over 35 years in the company. The Cemex Board of Directors has appointed Jaime Muguiro as new CEO; these changes will become effective April 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210684088/en/Jaime Muguiro (Photo: Business Wire) "I want to thank Fernando for his immense contrib

Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex's investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex's 2030 targets. In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action program, continuing to lead the industry in profitable dec

BIRMINGHAM, Ala., March 21, 2023 /PRNewswire/ -- Vulcan Materials Company (NYSE:VMC), the nation's largest producer of construction aggregates, today issued the following statement: On Tuesday, March 14, 2023, CEMEX (NYSE:CX), aided by armed Mexican police and military, forcibly entered Vulcan's port facilities near Playa del Carmen. They are still occupying the property. There is no contract permitting CEMEX's use of Vulcan's port facilities. Although the companies had an agreement for CEMEX to lease a portion of Vulcan's property, that agreement expired on December 31, 2022, without any renewal. Prior to the expiration, CEMEX was formally made aware that negotiation of a new contract would

First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th

SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)

SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)

SC 13G - CEMEX SAB DE CV (0001076378) (Subject)